Singapore Exchange enhancing footprint

: The Singapore Exchange (SGX Group) plans to focus on risk-hedging products related to Indian infrastructure development as well as Environmental, Social and Governance (ESG) initiatives, as it aims to expand its footprint in metals and minerals such as green steel and lithium.

William Chin, Commodities Head at SGX Group, pointed out the close relationship SGX Group has built with the financial and business community in India in the past decades and the importance of collaboration with partners and stakeholders to develop solutions to serve participants in both markets. Risk hedging products related to the Indian infrastructure development, green initiatives, ESG as well as new energy minerals and metals are some of the areas SGX Group wants to focus on, Chin said.

“We are expanding our footprint in metals and minerals such as green steel and lithium,” said Chin, noting the surging demand from the massive infrastructure development, industrial production and renewable energy-based electric vehicles underpinned by India's new crown as the world's most populous nation. Chin believes Indian businesses as a core stakeholder group will play an important role in price discovery of such critical products while the government continues to drive initiatives such as exploring minerals from the country's resource-rich basins.